Point Piper Sydney, New South Wales |
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Seven Shillings Beach
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Coordinates | 33°52′14″S 151°15′3″E / 33.87056°S 151.25083°ECoordinates: 33°52′14″S 151°15′3″E / 33.87056°S 151.25083°E | ||||||||||||
Population | 1,404 (2011 census) | ||||||||||||
Postcode(s) | 2027 | ||||||||||||
Location | 6 km (4 mi) east of Sydney CBD | ||||||||||||
LGA(s) | Municipality of Woollahra | ||||||||||||
State electorate(s) | Vaucluse | ||||||||||||
Federal Division(s) | Wentworth | ||||||||||||
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Point Piper is a small, affluent harbourside eastern suburb of Sydney, in the state of New South Wales, Australia, 6 kilometres (4 mi) east of the Sydney CBD, in the local government area known as the Municipality of Woollahra.
Point Piper has been historically regarded as Australia's most expensive suburb. It is currently the second-wealthiest suburb by taxable income behind the Melbourne suburb of Toorak. In 2011, Wolseley Road was ranked as the ninth-most expensive street in the world, at $38,900 per square meter.
The suburb of Point Piper sits on Sydney Harbour, beside the suburbs of Rose Bay, Bellevue Hill and Double Bay. The streets in Point Piper are: Buckhurst Avenue, Longworth Avenue, New South Head Road, Redvers Street, Saint Mervyn's Avenue, Wolseley Road, Wolseley Crescent, Wingadal Place, Wentworth Place, Wentworth Street, Wunulla Road, and Wyuna Road.
Point Piper was named after Captain John Piper (1773–1851). Piper was a Scottish-born military officer of Cornish parentage, who arrived in the colony in 1792 and built a neo-Palladian mansion on the point, on 190 acres (0.77 km2) of land granted by the governor in 1816. After a review of Piper's performance as head of the Customs Department showed that he had mismanaged funds (although he was not actually accused of being corrupt), Piper attempted to drown himself in Sydney Harbour. He subsequently sold his holdings at Point Piper, Rose Bay, Neutral Bay, and Petersham for £5,000 and moved to the country.